asked the Minister for Industry and Commerce if he will state in respect of the year 1956 (a) the amount of premiums paid to non-Irish insurance companies and to syndicates of Lloyds underwriters, (b) the amount paid in the State in settlement of claims, and (c) the amount spent in administration expenses, including commission, in the State.
Ceisteanna—Questions. Oral Answers. - Non-Irish Insurance Companies: Premiums and Outlay.
The amount of premiums paid in the State to non-Irish insurance companies and to syndicates of Lloyds underwriters in 1956 was £11,655,434. The amount paid in settlement of claims in that year was £7,165,189 and the amount spent in administration expenses, including commission in the State, was £3,501,392. These figures relate only to insurance business particulars of which are required to be furnished under the Insurance Acts of 1909 and 1936 and do not, therefore, include marine, aviation and transit business to which the Acts do not refer and for which returns are not required to be made by the companies.